Fastned raises EUR 2.5 million in record time

Amsterdam, 5 December 2016. Fastned, which is building a pan-European network of fast charging stations where all electric cars can charge, has raised EUR 2.5 million in a single weekend with a limited issue of bonds to the general public. The money will be used for the expansion of the network of fast charging stations.

The bond issue started last Friday at 9 a.m. and was fully subscribed on Monday morning. The issue was limited to 2.499 bonds of EUR 1000 each. Because of this successful issue, Fastned intends to issue additional bonds in the near future.

Founder Bart Lubbers: “The general public is ever more confident about electric cars. A growing number of people want to invest in this clean future. The shift that is taking place is very evident in the amount of time it takes us to raise funds. What took many months in 2014 only takes us a few days in 2016. We are witnessing a true breakthrough.”

Fastned is a leading party in the deployment of fast charging infrastructure in Europe. This was also noted by the blog Cleantechnica last Friday:

“Ford, Volkswagen Group, BMW Group, and Daimler are entering into the race with joint plans to develop 400 sites by 2020. However, Fastned has already built 55 stations throughout the Netherlands and, on December 1, announced the opening of Europe’s 1st Urban Fast Charging Station in The Hague, Holland.”

Fastned currently has 57 stations operational in the Netherlands (of which 55 along the highway, the number used by Cleantechnica) and is working on expanding her network into cities and surrounding countries. The demand for qualitative infrastructure translates to a consistent 10% month-on-month growth of kWh delivered over the past 2 years; 7 times faster than the growth of the number of full EVs in the Netherlands.

Note for the editor (not for publication):

For more information go to www.fastned.nl. In the presskit you will find logo’s, pictures and graphics. See the newsroom for news articles about Fastned.

Kyra Hartlief

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About Fastned.EN

Fastned is building a European network of fast-charging stations where all electric cars can charge within 20 minutes. The stations are located at high traffic locations along the highways and in cities. This will give electric cars the freedom to drive across Europe. As of today, Fastned has 63 stations operational in The Netherlands and is working on expanding its fast charging network to the rest of Europe. Fastned is preparing the construction of fast charging stations in Germany, The United Kingdom and Belgium. Fastned is listed on the Nxchange stock exchange.

Fastned is rolling out its network of fast charging stations in response to the rapidly increasing numbers of EVs in Europe. Car manufacturers such as Tesla, Audi, Volvo, Aston Martin, BMW, Nissan, Mitsubishi, Porsche, Volkswagen, Mercedes, Ford, General Motors, Renault and other car manufacturers are investing billions of Euros in the development of, and production capacity for EVs. More and more EVs are hitting the roads, which drives the need for charging infrastructure. Fastned is responding to this development by building the service stations of the future. Co-founder and CEO Michiel Langezaal: “We are the Shell of the future, only our energy comes from the sun and the wind.”